An industry once known to be stuck 9in the past, clinging on to traditional processes and transactions. However, with the rise of technology, it has swallowed different industries one by one, and the real estate industry is one of them. On the issue of technology, there are people who argue that automation has removed people from their seats and took away their tasks. But if you look at it on a positive note, it actually improves skill and promotes convenience to the user. Now, managers can focus more on analysing and making decisions since machines are taking over the time-consuming tasks. As for real estate, Building Management Systems (BMS) have swept property management over and is now the future.
What is BMS?
BMS is the centralised control of the different technologies installed in a building, which are heating, ventilation and air conditioning, lighting, and other systems in need of a building, management system. Before, the smart building market wanted to achieve was automated buildings that are being controlled by a single system.
As Brandy Moore, offer management director for Schneider Electric’s Global Field Services for Buildings, explains it, BMS was able to escape from the communication issues of the past in order to “integrate all of the disparate systems and provide a holistic view of a facility.” Thanks to the creation of BMS, everyone can be understood in one go—technology speaks the same language as humans.
Recently, the smart building market is growing and has numerous energy management options for facility managers that waited for this to happen. There are researches that show there is an expected increase within 2010 and 2040. On the other hand, Navigant Research said the current building energy management systems (BEMs) has emphasised the importance of “data from both the BMS and additional data on the utility, enterprise, or facility operations sides. Consequently, BEMs can provide visualization and analysis of that data to enable better energy-related decision making.”
Technology has really taken up a storm in Melbourne’s real estate since the city has a strong adoption rate when it comes to groundbreaking technology. Brokers and firms are leveraging the use of technology not only as a convenience, but also for efficiency of operations.